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RESOLUTION NO. 2011-_/1?><l A RESOLUTION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, ESTABLISHING THE CITY OF SUNNY ISLES BEACH PROPOSED AD VALOREM TAX MILLAGE LEVY RATE AT 2.8860 MILLS PER ONE THOUSAND DOLLARS ($1,000.00) OF TAXABLE ASSESSED VALUE WHICH IS 4.2% MORE THAN THE "ROLLED BACK" RATE OF 2.7706 MILLS, FOR FISCAL YEAR 2011/2012; SETTING THE DATE, TIME AND PLACE FOR THE FIRST AND SECOND PUBLIC BUDGET HEARINGS AS REQUIRED BY LAW; DIRECTING THE CITY CLERK AND CITY MANAGER TO FILE THIS RESOLUTION WITH THE PROPERTY APPRAISER OF MIAMI-DADE COUNTY PURSUANT TO THE REQUIREMENTS OF FLORIDA STATUTES AND THE RULES AND REGULATIONS OF THE DEPARTMENT OF REVENUE OF THE STATE OF FLORIDA; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Property Appraiser of Miami-Dade County, Florida, served upon the City of Sunny Isles Beach a "Certification of 20 11 Taxable Value"; and WHEREAS, pursuant to Section 200.065, F.S., the City of Sunny Isles Beach will furnish the County Property Appraiser the proposed millage rate, and the date, time and place at which public hearings will be held to consider the proposed millage rate and tentative budget; and WHEREAS, the Commission agrees to establish the proposed ad valorem tax millage levy rate at 2.8860 mills per One Thousand Dollars ($1,000.00) of taxable assessed value. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Establish the Proposed Millage Rate. The proposed millage rate is hereby established as 2.8860 per One Thousand Dollars ($1,000.00) of assessed property value in the City of Sunny Isles Beach. The proposed millage reflected is 4.2% more than the "rolled back" rate of 2.7706 mills, for Fiscal Year 2011/2012. Section 2. Setting the Public Hearings. The date, time and place of the first and second public hearings are hereby set by the City Commission as follows: R2011- Millage Rate FY 2011-2012 Establish Page I of2